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SHANKARA BUILDING PRODUCTS Plunges 6%; BSE REALTY Index Up 1.6%
Fri, 9 Aug 13:29

SHANKARA BUILDING PRODUCTS Plunges 6%; BSE REALTY Index Up 1.6%Image source: ThinkNeo/www.istockphoto.com

SHANKARA BUILDING PRODUCTS share price has plunged 6% and is presently trading at Rs 630.5.

Meanwhile, the BSE REALTY index is at 7,991.4 (up 1.6%).

Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 2.5%) and DLF (down 0.3%).

Sobha (up 2.7%) and OBEROI REALTY (up 2.7%) are among the top gainers today.

Over the last one year, SHANKARA BUILDING PRODUCTS has moved down from Rs 713.8 to Rs 630.5, registering a loss of Rs 83.3 (down 11.7%).

On the other hand, the BSE REALTY index has moved up from 4,341.4 to 7,991.4, registering a gain of 84.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 196.8%), PRESTIGE ESTATES (up 191.6%) and Phoenix Mill (up 97.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,712.1 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,712.1, registering a gain of 13,758.6 points (up 20.9%).

SHANKARA BUILDING PRODUCTS Financial Update...

SHANKARA BUILDING PRODUCTS net profit fell 7.1% YoY to Rs 161 million for the quarter ended June 2024, compared to a profit of Rs 173 million a year ago. Net sales rose 14.0% to Rs 12,910 million during the period as against Rs 11,321 million in April-June 2023.

For the year ended March 2024, SHANKARA BUILDING PRODUCTS reported 28.7% increase in net profit to Rs 811 million compared to net profit of Rs 631 million during FY23. Revenue of the company grew 19.8% to Rs 48,284 million during FY24.

The current Price to earnings ratio of SHANKARA BUILDING PRODUCTS, based on rolling 12 month earnings, stands at 19.1.


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